Gumenick Family Foundation
- Assets
- $255.1k
- Revenue
- $117.8k
- Investments
- $212.8k
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- Data as of
- 12/2022
- EIN
- 87-3393247
Organization Overview
Gumenick Family Foundation is located in Farmington Hills, MI. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gumenick Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Gumenick President | 5 | $0 | |
Jason M Gumenick Treasurer | 2 | $0 | |
Lynne Gumenick Newman Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $97,867 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,592 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $881 |
| Total Revenue | $117,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $897 |
| Total operating and administrative expenses | $897 |
| Contributions, gifts, grants paid | $2,250 |
| Total expenses and disbursements | $3,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,273 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $255,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,100 |
| Total liabilities | $3,100 |
Grants Awarded
Over the last fiscal year, Gumenick Family Foundation has awarded $2,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VARIETY THE CHILDRENS CHARITY PURPOSE: 501 C3 GENERAL PURPOSE GRANT | $500 |
HEBREW FREE LOAN PURPOSE: 501 C3 GENERAL PURPOSE GRANT | $250 |
THE CHILDRENS FOUNDATION PURPOSE: 501 C3 GENERAL PURPOSE GRANT | $250 |
PENRICKTON CENTER FOR BLIND CHILDRE PURPOSE: 501 C3 GENERAL PUPROSE GRANT | $250 |
YAD EZRA PURPOSE: 501 C3 GENERAL PURPOSE GRANT | $500 |
COMMON GROUND PURPOSE: 501 C3 GENERAL PURPOSE GRANT | $500 |